In a lease arrangement, the owner of the asset is:
A) the lesser.
B) the lessee.
C) the lessor.
D) the leaser.

Name: In a lease arrangement, the owner of the asset is: A) the lesser. B) the lessee. C) the lessor. D) the leaser.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The owner of the asset in a lease arrangement is referred to as the lessor. The lessor is the party that grants the lease, allowing the lessee to use the asset for a specified period in exchange for payment.

In a Lease Arrangement, the Owner of the Asset Is